See all 7 photos

Listed by Nicholas Ketter • Realize Brokers

$1,100,000

Est. payment - /mo

Save

21 Beds

12 Baths

14,306 SqFt

Pending

2-10 S Central Avenue Mechanicville, NY 12118

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Wed

Jun

Thu

Jun

Fri

Jun

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Pending

Purchase Type For Sale

Square Footage 14,306 sqft

Price per Sqft $76

MLS Listing ID 202512539

Bedrooms 21

Full Baths 11

Half Baths 1

HOA Y/N No

Year Built 1899

Annual Tax Amount $14,378

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type 5+ Units

Source Global MLS

Property Description

Introducing Flanagan Block, a landmark investment at 2-10 South Central Ave in Mechanicville. This distinguished 11-unit building comes to market at an attractive 8% cap rate with strong rental history and a quality rent roll w/increase potential. The 14,306 SF building features predominantly spacious two-bedroom layouts, has exceptional ''bones'' providing durability and low maintenance and also has an efficient set up for utilities. Each unit is separately metered for electric and all appliances and water heaters are electric (electric expense passed through to tenants). Two natural gas boilers provide heat for the building at the landlords expense. Public water and sewer. Financials and interior unit details available upon execution of NDA. This is a rare opportunity in a prime location.

Location

State NY

County Saratoga

Direction Take Rt 67 to Route 4 to Downtown Mechanicville. The property is in the city center.

Interior

Heating Baseboard, Natural Gas

Flooring Hardwood

Exterior

Exterior Feature None

Parking Features None

Utilities Available Cable Available, Cable Connected

Roof Type Rubber

Building

Lot Description Road Frontage, Cleared

Sewer Public Sewer

Water Public

Architectural Style Apartment 4 Plus Unit

Schools

School District Mechanicville

Others

Tax ID 262.61-3-19

Special Listing Condition Standard

GET MORE INFORMATION

David Zuccaro

Broker | License ID: 10491210184

+1(518) 629-5897